Private households

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A private household or household (also household status or household community) is in the economic sense an economic unit consisting of at least one natural person. In the legal and administrative language, each household has a head of household (today rather: main recipients of income).

If a private household consists of several people (multi-person household), some of these people are often married or related (family). The household of a person living alone (single) is known as a one-person household. A shared apartment (WG) generally consists of several individual households. Depending on the definition of the household and the character of the WG, it can also form a multi-person household. If the household is spatially and organisationally closely linked to an economic enterprise (e.g. shop), this is also referred to as a business household.

In official statistics, the household counts as a private household any group of persons living together and forming an economic unit, as well as persons living and working alone. Persons in old-age or nursing homes, barracks and similar facilities who do not have their own household, on the other hand, are among those in community accommodation. In addition, people can belong to a household in addition to their main residence in another residence (subsidiary residence) and in this case are counted twice. The population in private households therefore differs slightly from the number of inhabitants (i.e. the population at the main residence).

Scientific importance of private households
Household science first examined the skills and time required for individual fields of activity in the household. In addition to household science, various scientific disciplines deal with private households: such as economics, business administration and home economics, but also various sociological disciplines (see also household economics).

Economics households
In economics, they play a central role in economic development as consumers, as savers and as providers of labour and capital (and thus ultimately as providers of production factors). In economics, the private sector is also subsumed as a private sector.

Private households have a wealth structure mainly serving the purpose of housing and household management, their purpose is to provide work, their aim is to maximize the benefits. They earn employment income, income from capital participation, entrepreneurship or transfer services. The job offer is determined by the preferences of private households, which have certain combinations of real income and leisure to choose from. Would private households have a balance sheet in private financial planning